Unilever has produced amazing results for shareholders over many decades and especially in the last ten years.
Its shares have more than tripled since their 2009 lows and, with progressive dividends included, shareholders have seen returns of around 15% per year over ten years.
That would be impressive for any company, but it’s even more impressive given Unilever’s defensive nature, thanks to its large portfolio of defensive consumer products such as Domestos bleach, Matey bubble bath and Ben & Jerry’s ice cream.
However, it’s a fact that trees do not grow to the sky and companies cannot grow faster than average forever.
So does this mean the good times are finally over for Unilever investors, or is the company still a no-brainer if you’re looking for income and growth?
I thought this was an interesting question, so I reviewed Unilever in the latest issue of Master Investor magazine:
Unilever: Still a no-brainer?